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Trump says Venezuela to give up to 50 million barrels of oil to U.S.

President Trump directs Energy Secretary Chris Wright to execute a plan transferring 30–50 million barrels of Venezuelan oil to the U.S., with sales proceeds controlled by the U.S. government.

  • President Donald Trump said Venezuela's interim authorities will sell 30 million to 50 million barrels of oil to the United States at market prices.
  • The announcement follows the capture of Venezuela President Nicolás Maduro and his wife, who face charges of narco-terrorism.
  • Trump said his administration will "run" Venezuela and pressure its leaders to open oil reserves to American energy companies.
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Could Venezuelan oil bring down US gas prices? Experts weigh in

A gas pump is seen in a vehicle on November 26, 2025 in Austin, Texas. (Brandon Bell/Getty Images) (NEW YORK) — President Donald Trump has repeatedly touted the opportunity for U.S. companies to extract and sell oil from Venezuela, which holds the largest oil reserves in the world. “We’re going to be taking out a tremendous amount of wealth out of the ground,” Trump said on Saturday, just hours after a U.S. military attack removed Venezuela Pres…

·Baltimore, United States
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estrategia.la broke the news in on Monday, January 5, 2026.
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